There was a sell off in the morning not a stampede.After the initial sell off it was all buys throughout the day and even after hours.who sold a large chunk at opening we wont know until there is a filing but that's what it was a large chunk.The amount of shares that were bought today almost 3.4 million positioned this stock for a strong come back.This company is not going anywhere as it is the only publicly traded company of its kind and has been in business for over 50 years.All of the bad news they had was out in December and everyone had time to study it. I seen no SEC filings of institutional sellers as of yet. could it be possible that's who sold this morning in large chunks? yes but if you look at the amount of institutional holdings this would count for almost nothing percentage wise of the institutional holdings.
More like a few hundred thousand in volume brought us to a new level. Where then the MM punished anyone who wanted to SELL at CAPITULATION levels.
So just imagine how many shorts they set up in advance of this move, in low volume.
Now covering in HIGH volume.
Liquidity will bring us % chances to TRADE.